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MNI Chicago Business Barometer™ Weakened to 44.3 in January

US DATA
MNI (London)

The Chicago Business BarometerTM, produced with MNI, moderated by -0.8 points to 44.3 in January; the fifth consecutive month below 50. This follows a 7.2-point December rebound to signal a softer downturn.

  • Production recorded an 8.5-point boost in January to 48.6, remaining marginally contractive.
  • New Orders softened by -2.7 points to 40.6, after a 12.3 -point jump in December.
  • Order Backlogs descended by -19.2 points in January to a June 2020 low of 35.5. This more than reversed the 17.5 gain in December.
  • Employment ticked down by -0.6 points to a four-month low of 42.0 in January as one-quarter of firms reported lower employment levels.
  • Supplier Deliveries rose 1.4 points to 54.9 as domestic lead times increased marginally. Certain chemical material shortages remain acute.
  • Inventories declined by 4.6 points to 44.9 as firms continued to work down excess inventory built up due to previously severe supply constraints.
  • Prices Paid increased in January, accelerating by 7.4 points to 72.5, breaking a five-month streak of loosening prices.
  • The survey ran from January 2 to 17.


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